Resource Center
Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.
Investment Plan
Life Insurance Plan
| (A) | Debts and Expenses | |
| (A1) | Immediate Expenses after Death (current value, HKD) | |
| 1 | Medical Expenses not covered by Insurance | |
| 2 | Funeral Expenses | |
| 3 | Estate Mortgage | |
| 4 | Car Mortgage | |
| 5 | Loan | |
| 6 | Estate Duty and Expenses on Certificates | |
| 7 | Other Debts |
| (A2) | Family Expenses (current value, HKD) | |||||||
| Monthly Amount | Commencing Year | Period | ||||||
| 1 | Expenses on Children | After | Years | For | Years | |||
| 2 |
Household Expenses (with Children) |
After | Years | For | Years | |||
| 3 |
Household Expenses (with Children moving out) |
After | Years | For | Years | |||
| 4 |
Expenses on Spouse's Training/Studying |
After | Years | For | Years | |||
| 5 | Others | After | Years | For | Years | |||
| (A3) | Children Educational Planning (current value, HKD) | |||||||
| Monthly Amount | Commencing Year | Period | ||||||
| 1 | First Child | After | Years | For | Years | |||
| 2 | Second Child | After | Years | For | Years | |||
| 3 | Third Child | After | Years | For | Years | |||
| (B) | Assets | ||||
| (B1) | Personal Assets | ||||
| 1 | Cash | ||||
| 2 | Equities and Bonds | ||||
| 3 | Retirement Savings | ||||
| 4 | Current Insurance Policies | Life Insurance | |||
| Group Insurance | |||||
| Total Amount | |||||
| 5 | Other Assets | ||||
| (B2) | Other Income (current value, HKD) | |||||||
| Monthly Amount | Commencing Year | Period | ||||||
| 1 | Spouse Income | After | Years | For | Years | |||
| 2 | Other Income | After | Years | For | Years | |||
| (C) | Other Information | ||
| 1 | Estimated Inflation Rate | % |
Educational Plan
Retirement Plan
Let's see what the expert said – Published in <Journal of Financial Planning>, April issue, 2000, the article <The Four Percent Solution?> stated that there will be more than 25% of 65-aged people who can live longer than expected, up to 90 years old. On average, it is generally predicted that a 65-aged person can live 17.5 years longer, i.e. the expected death age is 82.5. However, according to the author, 25% of elders will live longer and might not plan enough for their retirement since they expect their death age seven years earlier. Therefore, they may have financial difficulties in the late stage of retirement if they spend all the money before 82.5 years old.
Important disclaimer: The provided information is for reference only. Please consult your investment advisors and refer to corresponding reports for any investment decisions.
How to calculate the expected death age and the chance of reaching expected death age so as to plan the retirement financially?
Life Expectancy Calculator
Calculation Result
The above retirement planning calculator is invented by Noble Apex based on Monte Carlo Analysis. This analysis has been prevalent in US for years and was firstly introduced by Noble Apex in Hong Kong to estimate the reliability and the accuracy of a retirement plan.
Instructions:
The chance of reaching expected death age as shown by the above calculator is based on the statistics of Hong Kong population in 2003 provided by Hong Kong Census and Statistics Department. The calculations are based on the assumptions that the death rate of each sex and age group is constant and each individual within the same age and sex group has equal death rate.
The above calculation can only be applied to Hong Kong population. Individual lifespan varies with personal and environmental factors.
The copyright of the above calculator is reserved by Noble Apex Wealth Limited.
All duplications, republication, redistribution or unauthorized use are prohibited.